CGI Federal Inc., the wholly-owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), has been awarded a new agreement to prepare the Nuclear Regulatory Commission (NRC) for emerging cyber threats under its Global Infrastructure and Development Acquisition (GLINDA) Blanket Purchase Agreement. This new agreement enables CGI Federal to implement new processes and technologies to help the NRC evolve their security posture, protecting the Commission from current and future threats.
“The NRC has made significant investments to evolve its cybersecurity processes and tools,” stated Stefan Becker, Senior Vice-President and Regulatory Agencies Programs Business Unit lead at CGI Federal. “We are pleased to have been part of their journey, which brings CGI’s decades of experience in securing organizations through innovative and advanced cybersecurity services to enhance cyber threat intelligence throughout the NRC. Through this work, CGI will bring a modernized IT environment that advances security monitoring and analysis and mitigates risks across the enterprise.”
The NRC plays a vital role in the common defense and security of civilian nuclear information. In performing this new work, CGI Federal will employ a Digital Forensics Lab to maintain NRC operations, confidentiality and integrity, enabling NRC to quickly address insider threat and advanced persistent threats. Further, CGI also will support NRC’s continued adoption of Zero Trust Architecture (ZTA), in compliance with federal mandates.
“CGI’s strong history with the NRC Security Operations Center (SOC) program dates back to 2017, when CGI began its support of the SOC Analytics and Incident Response capabilities,” said Vishal Ranjan, Vice-President and NRC Account Executive for CGI Federal. “Our highly qualified and certified cybersecurity professionals bring decades of experience and innovation that will continuously improve NRC’s security posture, with a strong focus on process evolution utilizing the latest cybersecurity analytics and tools.”
The agreement has a total value of $17.4M over a 16-month Base Period and three 12-month Option Periods, and will enable CGI Federal to continue working in collaboration with the NRC and other contractors within the NRC ecosystem.
About CGI Federal
CGI Federal Inc., a wholly-owned U.S. operating subsidiary of CGI Inc., is dedicated to partnering with federal agencies to provide solutions for defense, civilian, healthcare and intelligence missions. Founded in 1976, CGI is among the largest IT and business consulting services firms in the world. With 88,500 consultants and other professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. With Fiscal 2021 reported revenue of C$12.13 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).
Forward-looking information and statements
This press release contains "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbors. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbor provisions of applicable Canadian and United States securities laws.
Forward-looking information and statements include all information and statements regarding CGI's intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as "believe", "estimate", "expect", "intend", "anticipate", "foresee", "plan", "predict", "project", "aim", "seek", "strive", "potential", "continue", "target", "may", "might", "could", "should", and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of CGI, and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements.
These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic conditions, and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to attract and retain qualified employees, to develop and expand our services, to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, foreign exchange risks, income tax laws, our ability to negotiate favorable contractual terms, to deliver our services and to collect receivables, and the reputational and financial risks attendant to cybersecurity breaches and other incidents; as well as other risks identified or incorporated by reference in this press release, in CGI's annual and quarterly MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR at www.sedar.com) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). For a discussion of risks in response to the coronavirus (COVID-19) pandemic, see Pandemic risks in section 8.1.1. of our Q2 2022 MD&A.
Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements. Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes.
Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled "Risk Environment" of CGI's annual and quarterly MD&A, which is incorporated by reference in this cautionary statement. We also caution readers that the above-mentioned risks and the risks disclosed in CGI's annual and quarterly MD&A and other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.
For more information:
Investors
Kevin Linder
Senior Vice-President, Finance and Treasury, and Head of Investor Relations
kevin.linder@cgi.com
+1-905-973-8363
Media
Mercedes Marx
Manager, Public Relations
mercedes.marx@cgifederal.com
+1 571-334-2344
